<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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AMENDMENT NO. 1
TO
FORM 10-QSB/A
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JULY 31, 1997
-- or --
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE TRANSITION PERIOD FROM____________TO_____________
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fine.com CORPORATION
Name of small business issuer as specified in its charter
0-22805
Commission File Number
STATE OF WASHINGTON 91-1657402
State or Other Jurisdiction of I.R.S. Employer Identification Number
Incorporation or Organization
1118 POST AVENUE
SEATTLE, WASHINGTON 98101
Address of Principal Executive Offices
206-292-2888
Issuer Telephone Number
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Check whether the registrant (1) filed all reports Yes [ ] No [X]
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the prior 12 months (or for such
shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements
for the past 90 days.
The number of shares of the registrant's common stock, no par value per
share, outstanding as of August 31, 1997 was 2,380,065.
<PAGE> 2
This Amendment No.1 on Form 10-QSB/A is being made solely to correct a
typographical error contained on the registrants' unaudited statements of
income previously filed.
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<PAGE> 3
fine.com CORPORATION
STATEMENTS OF INCOME
(Unaudited)
<TABLE>
<CAPTION>
Three Months Ended July 31, Six Months Ended July 31,
-------------------------- --------------------------
1997 1996 1997 1996
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Gross revenue $ 752,966 $ 266,391 $1,564,399 $ 492,128
Direct salaries and costs 547,053 142,977 1,100,995 271,906
---------- ---------- ---------- ----------
Gross profit 205,913 123,414 463,404 220,222
Selling, general and administrative
expenses 151,730 117,597 335,889 207,529
---------- ---------- ---------- ----------
Operating income 54,183 5,817 127,515 12,693
Interest expense 11,864 1,798 19,402 2,778
---------- ---------- ---------- ----------
Income before income taxes 42,319 4,019 108,113 9,915
Provision for income taxes 14,451 1,367 36,821 3,372
---------- ---------- ---------- ----------
Net income $ 27,868 $ 2,652 $ 71,292 $ 6,543
========== ========== ========== ==========
Net income per share $ 0.02 $ 0.00 $ 0.06 $ 0.01
========== ========== ========== ==========
Shares used in computation of net
income per share 1,155,126 1,155,126 1,155,126 1,155,126
========== ========== ========== ==========
</TABLE>
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<PAGE> 4
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Dated September 15, 1997.
fine.com CORPORATION
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(Registrant)
By /s/ Daniel M. Fine
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Daniel M. Fine
President and Chief Executive Officer
(principal executive officer)
By /s/ James P. Chamberlin
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James P. Chamberlin
Secretary and Chief Financial Officer
(principal financial and principal accounting officer)
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